The leapfrogging developments in Information and Communication Technology (ICT) are rapidly connecting the world into a smaller, ‘global village’ scenario. The rewards of connectivity, are however, deeply marred by the multifarious threats impinging on the information infrastructure. It is reckoned that the Morris Worm (also known as the Internet Worm) in 1988, initially exposed the vulnerability of Internet, and ushered a new era in information security. Since then, the nature of threat has only progressed to more lethal and sophisticated levels. This has been clearly manifested by the recent Code Red, Sircam and Nimda worms. This paper, while attempting to evaluate these emerging patterns, emphasizes upon the dire need for enhanced information security mechanisms and practices. In the aftermath of 9–11, the US envisages similar attacks on its homeland, which includes cyber-attacks carried out by terrorist outfits on America's information assets. Reflecting on the cyber capabilities of contemporary terrorist groups, especially Al Qaeda, the paper also draws attention to the increasingly blurring lines between the state and non-state actors plying on the slippery lanes of the information superhighway.